The stock market experienced a positive shift today, with both major indices posting gains after a slow start. The Nifty concluded the day at 23,437, up 0.47%, while the Sensex rose by 0.4%. Notably, this marks the first time since April that the Nifty has surpassed the 23,400 threshold. In a show of strength, the broader markets outpaced the benchmarks, as the BSE Smallcap index climbed by nearly 1%, and the BSE Midcap index increased by 0.63%.

Major Movers in Today’s Market

A highlight of today’s trading session was IndusInd Bank, which surged by nearly 7% following an external audit that revealed a smaller-than-expected hit to its net worth—2.24% versus the anticipated 2.35%. Other significant contributors to the index’s upward movement included Axis Bank, ONGC, Trent, Adani Ports, and Asian Paints.

• Top Gainers:
  • IndusInd Bank: +7%
  • Axis Bank
  • ONGC
  • Trent
  • Adani Ports
  • Asian Paints

Stocks Facing Declines

Conversely, several stocks in the automotive sector experienced notable declines, with Maruti, Hindalco, Tata Motors, and Bajaj Auto among the key losers. Additional stocks such as Bajaj Finance, L&T, and Infosys also faced significant downturns during the trading day.

• Key Decliners:
  • Maruti
  • Hindalco
  • Tata Motors
  • Bajaj Auto
  • Bajaj Finance
  • L&T
  • Infosys

New Milestones Achieved

Despite the mixed performance, 54 stocks managed to reach new 52-week highs, including major players like HDFC Bank, Eicher Motors, SBI Cards, Chambal Fertiliser, and AstraZeneca. This demonstrates a favorable trend in the market, with more advancing stocks than declining ones.

Noteworthy Low Performers

On the downside, 11 stocks hit 52-week lows, with Gensol facing significant losses after SEBI halted its stock split. This stock opened weak and continued to decline throughout the day.

• Stocks at 52-week Lows:
  • Gensol
  • Other small-cap stocks experiencing declines

Circuit Limit Movements

In terms of trading limits, 126 stocks reached their upper circuit limits, including Websol, Walchandnagar Industries, Juniper Hotels, ITI, and Orient Tech. Meanwhile, a limited number of stocks, including Gensol and JTL Industries, faced lower circuit restrictions.

Global Market Concerns

Looking beyond domestic markets, global sentiments remain cautious due to ongoing tensions between the U.S. and China over tariffs. Both the Nasdaq and S&P Futures dropped by more than 1%, fueled by concerns regarding Nvidia imposing export charges to China. There are speculations that the People’s Bank of China may consider a significant 100 basis points cut in bank reserve requirements to stabilize its economy.

Currency Movements

The Dollar Index has weakened, falling below the 100 mark, reaching its lowest levels in 2025. After peaking at 110 in January, it has been on a downward trajectory.

Understanding Market Volatility

The Volatility Index (VIX) decreased by 1%, reflecting reduced fear among investors. This index had previously surged to 60% levels amid a global sell-off last week, indicating fluctuating market conditions.

As traders navigate these market shifts, the emphasis remains on monitoring key players and global economic indicators that could influence future trading sessions.